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Technology Stocks : SatCon Technology (SATC)
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To: dwight martin who wrote (326)1/7/2000 7:56:00 AM
From: Jim Oravetz   of 440
 
INTEGRATED POWER SYSTEMS, ELECTRIC DRIVE SELECTED FOR NEW NAVY DESTROYERS (DD 21)
January 6, 2000

The Department of the Navy announced today that the Land Attack Destroyer (DD 21) will be its first class of ships designed and built during the 21st century to be powered by electric drive featuring an integrated power architecture. The first of the DD 21 class of destroyers is expected to be in commission by the end of this decade.

Underscoring the importance of using integrated power technologies, Secretary of the Navy Richard Danzig said, "Changes in propulsion systems fundamentally change the character and power of our forces. This has been shown by the movement from sail to steam or from propeller to jet engines or to nuclear power. Electric drive will reduce the cost, noise and maintenance demands of how our ships are driven. More importantly, electric drive, like other propulsion changes, will open immense opportunities for redesigning ship architecture, reducing manpower, improving shipboard life, reducing vulnerability and allocating a great deal more power to warfighting applications." snip...

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This is good news but the real payoff will be the expanded product offering that come out of the research that this will fund.

Jim
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